Building Contractors With Property Rentals And Development Potential | | Undisclosed Norfolk | | NORFOLK BUILDING CONTRACTORS WITH PROPERTY RENTALS AND DEVELOPMENT POTENTIAL Well respected & est general builders A/T: £680,000 ADJ NP: £170,000 F/H office & yard with development opportunity STPP Excellent scope F/H: £1.5M REF: 1187NR | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68435
ADVERT IMPRESSIONS : 16,495 TIME(S) | | | | BUSINESS SECTOR: | Building / Construction | | TRADE TYPE: | Builders | | SALE: | Agent Sale | FREEHOLD: | £1500000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Business trades from offices and yard located close to Norwich city centre
Ideally positioned near to large city and with good road access to other parts of the county
Potential for planning permission on existing site
Rental properties located in local golden triangle also with development potential
HISTORY
Business founded 50 years as a regional building firm
Acquired by the vendor 12 years ago
Good mix of commercial and personal customers nurtured over many years
Superb local reputation with NHBC membership
Staff carefully recruited and trained to appropriate industry standards
Rental properties acquired by the company
Plans drawn for possible redevelopment of existing head office site (subject to planning permission)
REASON FOR SALE
Retirement
SERVICES
Property maintenance and repairs
Decorating
General building work
o Internal
o External
Extensions
Paving
Plastering
Roofing
Windows
Doors
Refurbishment work
Full design and build service offered
Company specialises in small to medium sized projects
CUSTOMERS
Database of several hundred contacts
Mix of commercial and domestic clients with 20%/80% split
Commercial clients included letting agents
Vast majority of customers located within Norfolk
STAFF
Vendor
4 full time building and maintenance operatives
2 part time office staff
FINANCIALS
Turnover
2010 £680,000
2009 £621,000
Gross profit margin typically 25 - 30%
Gross profit £168,000 per annum (2010)
Stock holding £2,000
PREMISES AND EQUIPMENT
Office and Yard
Site extend to approximately half an acre
Secure yard with parking
Outbuildings
Office building
o Reception area
o 2 offices
o WC
o Kitchen
Rental Properties
2 terraced properties located in Norwichs golden triangle
Equipment
2 flat bed trucks
2 vans
Quantity of sundry tooling
STRENGTHS
Excellent reputation forged over many years
Splendid portfolio of work undertaken
Website
Dual income streams into the business from both rentals and traditional building work
Excellent and consistent financial performance offering high earnings for the new owner
Loyal, trained and capable workforce
Extremely low overheads
Customer base
Range of building work undertaken is extensive
SCOPE
Development of existing head office site (subject to planning permission)
o Plans drawn for new head office and two industrial units
o Possibility of residential development
Refurbishment of existing property portfolio to increase rental yield
Business development activity has been limited with most work being generated through referral
Web based marketing
Introduction of additional services such as plumbing or electrical work
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises | | | | | | FOR SALE | | | | | REFERENCE: | 1187NR / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
